Within the bid to spice up the facilitation of funds between SME and retail clients within the digital house, Entry Financial institution Plc lately unveiled SWIFTPAY, a digital cost service that facilitates the receipt of enterprise funds by enabling clients make fast, simple and safe digital funds on social media platforms to retailers.
Chatting with newsmen throughout the launch of the brand new service in Lagos, Group Head, Rising Companies, Ayodele Olojede, famous that the lockdown, skilled in 2020 because of the COVID-19 pandemic, resulted in much less in-person interactions and fewer in-person cost choices.
She stated statistics from a survey carried out post-lockdown confirmed that MSMEs had been impacted by money circulate, income and gross sales whereas including that the impression of the pandemic made extra obvious the shortage of infrastructure and entry to digital sources for small companies.
“That is why Entry Financial institution launched SWIFTPAY to assist the digital transition and progress of SME companies. This product is a part of the Financial institution’s dedication to assist SMEs to satisfy their enterprise targets regardless of the occasions.
“The brand new service is available in type of a cost hyperlink that may be hosted on retailers’ social media pages and despatched to anybody to pay and conclude enterprise transactions. It’s simple and takes lower than 5 minutes for retailers to enroll as it’s handy and time saving for everybody.”
Olojede additionally revealed that the Financial institution is dedicated to offering very sensible options that assist the expansion of small enterprise in Nigeria.
“SWIFTPAY is free and the processing cost is discounted as much as 15 per cent to make sure retailers maintain most of their earnings. In current occasions, e-commerce has been challenged with the rise in fraud on social media, we’ve got ensured that each service provider registered on SWIFTPAY carries a ‘verified by entry ‘ stamp to authenticate the web page giving clients confidence once they transact.”
“We’ve been targeted on offering options focused at boosting the economic system as a result of we consider it’s our duty to contribute to the stimulation of financial progress. With the launch of “SwiftPay by Entry”, we’re renewing our dedication to offering the much-needed technological assist to our SMEs,” Olojede concluded.
Entry Financial institution Plc is acknowledged as one of the modern monetary establishments in Africa. With over 40 million clients and 600 branches nationwide, it gives a spread of services and products tailor-made to swimsuit wants and way of life of its clients throughout a number of segments.
To know extra about SwiftPay, please go to https://www.accessbankplc.com/Private-Banking/MONEY-TRANSFER/SwiftPay.aspx